Markets vs. Mandates: Session 7: Keynote Session: “How Can Markets Capture the Social Benefits of Carbon Dioxide as Well as the Costs?” | Hoover Institution

Guest Speaker: Matt Ridley

Matt Ridley gave a presentation that challenged the conventional wisdom of carbon emissions, arguing that CO₂ may provide more benefits than costs to the environment.

Ridley outlined several benefits, principally the global greening of land and the oceans. When there is more CO₂ in the atmosphere, vegetation can rely less on scarce water supplies. More CO₂ would also result in higher yields and longer growing seasons, meaning that more land can be used for nature reserves. He maintained that more CO₂ also translates into warmer winters and, in turn, fewer people dying from cold temperatures.

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